Metallurgy news
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India needs to expand steel production to meet growing demandAs demand for steel grows in the coming years, India will have to increase steel production. India aims to produce between 180 and 190 million tonnes per year by 2030. However, isolation from Covid-19 has sharply halted economic activity and slowed the growth of the steel industry due to weakening…
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Imports of steel products in Russia decreased in 2020According to the Customs of the Russian Federation, in 2020 Russia imported about 5.2 million tons of steel products, which is 27.6% less than in the previous year. In December, imports of ferrous metal products amounted to about 400,000 tons, compared with 330,000 tons in November. Also, imports…
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Vale invests in CO2-free steel productionThe funds will be used to acquire a minority stake in the company and promote the technology as part of the New Pact with Society initiative for zero-carbon mining. Boston Metal, an MIT subsidiary with early support from Bill Gates' Breakthrough Energy Ventures Foundation, is developing a molten…
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ArcelorMittal announces the sale of 40 million shares of Cleveland-CliffsArcelorMittal subsidiary based in Europe and the United States announced its decision to sell part of its shares to the American company Cleveland-Cliffs. ArcelorMittal North America Holdings LLC announced an agreement to sell 40 million of the company's common shares through a public offering of…
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Interpipe supplies pipes to the Middle EastThe Ukrainian company Interpipe completed the first deliveries of pipes for one of the largest oil companies in the Middle East Qatar Petroleum, Qatar Petroleum plans to use INTERPIPE pipe products in the fields of the Dukhan Field oil and gas basin. Qatar's National Petroleum Company specifies…
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Elon Musk Offers $ 100 Million for Best Carbon Capture InnovationTesla CEO Elon Musk is donating $ 100 million to the winner of the new four-year X Prize Foundation's global carbon dioxide removal (CDR) technology competition. The prize will be awarded to the best project plan to remove carbon dioxide directly from the atmosphere or oceans and store that carbon…
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In Germany, sentiment on rising steel prices easedGerman steel price expectations fell significantly in February from previous months, according to S&P Global Platts' monthly steel sentiment survey. In a survey of German manufacturers, distributors /traders and end buyers conducted in early February, the Steel Price Index stood at 65, indicating a…
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Economic recovery and weakening dollar boost steel demandHe estimates that the average steel price this year will be 15 percent higher than last year. Domestic demand and steel prices are expected to rise this year on the back of a global economic recovery. In addition, the expectation that the US dollar will continue to depreciate adds to the excitement…
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WTO postpones decision on US metals tariffs to second half of 2021The World Trade Organization has postponed its ruling on metals tariffs imposed by the United States until at least the second half of 2021, giving President Joe Biden more time if he wishes to settle disputes. The WTO group, which tackles the challenges posed by China, the European Union, India…
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Rolled metal for the longest suspension bridge in South AmericaThe unique steel suspension bridge in Chile, South America stands out as one of the most challenging engineering projects ever undertaken. The Chacao Bridge project is located just 80 kilometers from the epicenter of the 9.5 magnitude earthquake that hit the country in 1960. The designers faced an…
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